⏱️ Estimated reading time: 6 minutes
🏷️ Tags: Fleet Management, Logistics, Software development, Automation.
The logistics and transportation industries have become the lifeblood of economies, facilitating international trade, supporting supply chains, and ensuring the timely delivery of products to customers' doorsteps. Amidst this dynamic areas, the need for efficient fleet management is a must for businesses seeking competitiveness, efficiency, and a high level of optimization. In this blog post, we want to explore the ins and outs of fleet management software, its advantages, as well as impact on the businesses in the modern world market. Also, we will review the real case of FMS implemented by IT-Dimension team.
Fleet management software is a specialized and all-encompassing solution designed to help businesses efficiently manage their fleet of vehicles, assets, and personnel. It uses cutting-edge technology to provide real-time monitoring, reporting, and analysis of fleet operations, including GPS, telematics, and data analytics.
Now, let's take a look at what challenges the fleet industry is currently experiencing, and then analyze how the implementation of the FMS can help address these issues.
Fleets faced a number of difficulties last year, throughout 2022. Topping the list was a dramatic increase in fuel costs. Fleet fuel spending was impacted by record-high prices. So the largest fleet expense became even larger, creating certain risks for businesses.
(*according to the [American Transportation Research Institute analysis - 2023](<https://truckingresearch.org/wp-content/uploads/2023/06/ATRI-Operational-Cost-of-Trucking-06-2023.pdf>)*)
The second place among the most сhallenging points of the industry is the driver shortage and lack of quality workers. After spending five years as the number one concern, the Driver Shortage dropped one position in 2022 to rank second overall. According to the American Trucking Associations, the industry’s shortage for 2022 of over 80,000 truck drivers could grow to over 160,000 by 2030.